Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
Fundamental updates by Solid ECN
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="SOLIDECN, post: 216932, member: 80239"] [HEADING=1][JUSTIFY]EUR Drops After French and German PMIs[/JUSTIFY][/HEADING] [JUSTIFY]Flash PMI indices for January from France and Germany were released today at 8:15 am GMT and 8:30 am GMT, respectively. French release turned out to be mixed - the manufacturing index showed a big beat and returned above the 50 threshold while the services index missed expectations and moved deeper into contraction territory. Similarly mixed results were shown by German reading. However, in this case manufacturing data missed expectations while services gauge beat and moved back above 50 point threshold. [B]France[/B][/JUSTIFY] [LIST] [*][JUSTIFY]Manufacturing: 50.8 vs 49.7 expected (49.2 previously)[/JUSTIFY] [*][JUSTIFY]Services: 49.2 vs 49.9 expected (49.5 previously)[/JUSTIFY] [/LIST] [JUSTIFY] [B]Germany[/B][/JUSTIFY] [LIST] [*][JUSTIFY]Manufacturing: 47.0 vs 47.8 expected: (47.1 previously)[/JUSTIFY] [*][JUSTIFY]Services: 50.4 vs 49.6 expected (49.2 previously)[/JUSTIFY] [/LIST] [JUSTIFY][ATTACH type="full"]23392[/ATTACH] EURUSD moved lower in a knee-jerk move following the French release but this drop was quickly erased while European indices moved higher. However, upward move on EURUSD was entirely erased following release of German data. DE30 erased big part of the gain but continues to trade slightly above pre-announcement levels. EURUSD took a hit following release of German PMI data and is looking back towards the 1.0860 support zone.[/JUSTIFY] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…